In Depth Analysis on Dermatology Devices Market with Key Players: Hologic, Inc., Ellipse A/S, 3Gen, Inc., Lumenis, Syneron Candela

Escalating pollution levels, unhealthy eating habits, improper skin care routine are certain factors boosting skin disorders and diseases. Technological advancements that are offering enhanced devices for skin care and availability of such devices and treatment surges adoption of dermatology devices and treatment. Implementation of laser and light sources is rapidly increasing in dermatology for treatment of cellulite, acne, vascular lesions thereby, rendering positive impact on dermatology devices market. Excessive equipment cost coupled with stringent regulatory landscape are factors hindering industry growth.

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Diagnostic devices segment dominated and accounted for 57.0% in 2017, due to rising awareness of skin diseases and increasing number of diagnosis for skin problems. Treatment devices segment is projected to grow lucratively at a CAGR of 10.5% over the forecast timeline. The growth is attributable to escalating incidences of skin cancer coupled with rising expenditure on skin treatment.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
• Hologic, Inc.
• Ellipse A/S
• 3Gen, Inc.
• Lumenis
• Syneron Candela
• alsa apparecchi medicali srl
• Cutera, Inc.
• Ambicare Health Ltd
• AMD Global Telemedicine, Inc.
• Biolitec Italia Srl
• Brymill Cryogenic Systems
• Cortex Technology ApS
• Dansys Medical Group
• Ellipse A/S
• Genesis Biosystems
• HEINE Optotechnik
• Michelson Diagnostics Ltd.
• PhotoMedex
• Solta Medical, Inc.

Skin rejuvenation segment is anticipated to grow at a CAGR of 10.7% on an account of rising demand for cosmetic procedures coupled with advantages offered by skin rejuvenation treatment. Advantages such as reduction in pore sizes, improves appearance of acne scars, age spots, it also smooths fine lines, wrinkles and improves skin texture and tone. Additionally, skin rejuvenation treatment also stimulates collagen, it is cost-effective and is done by minimally invasive method. Such factors encourage customer buying behaviour thereby, fuels dermatology devices market growth.

Skin cancer accounted for more than 26% industry share in 2017 and is projected to continue its dominance over the coming years. Increasing incidence of skin cancer coupled with advancing technology for treatment of skin cancer is anticipated to propel dermatology devices market growth. According to Australian Government Cancer statistics 2017, around 10.4% individuals were diagnosed with melanoma skin cancer.

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U.S. market held over 92% industry share in 2017 with its market growth attributed to factors such as, escalating incidence of skin cancer and skin associated diseases and surging demand for cosmetic procedures. Furthermore, availability of advanced treatment options, increasing awareness regarding skin diseases and willingness to spend more for skin problems are aspects projected to boost market growth.

Dermatology Devices Market by Product Type
o Diagnostic Devices
o Imaging Devices
o Dermatoscopes
o Biopsy Devices
o Treatment Devices
o Light Therapy Devices (LED Therapy)
o Lasers
o Microdermabrasion Devices
o Cryotherapy Devices
o Electrosurgical Equipment
o Liposuction Devices
Dermatology Devices Market by Application
o Skin Cancer
o Skin Rejuvenation
o Hair Removal
o Body Contouring and Skin Tightening
o Psoriasis

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